Rosneft starts trading lubricants on Russian exchange

Russia’s largest oil producer, Rosneft, will start trading lubricants and petrochemical products on the St. Petersburg International Mercantile Exchange (SPIMEX) on June 15, the exchange said. Rosneft will trade lubricants–including engine oils and industrial oils–as well as LPG, isobutane, polystyrene and other petrochemical products. The products will be sold on a delivery basis from the Achinsk, Samara, Novokuibyshev and Syzran refineries, as well as the Angarsk petrochemical plant, the exchange said. (June 10, 2010)